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XRP Whales Dump 53 Mln Tokens Amid Price Drop To $0.49šŸ‹šŸ”„ Analytics from Whale Alert, an on-chain data tracking platform, reveal a noteworthy sell-off of Rippleā€™s XRP. In the latest whale transaction, an XRP trader offloaded over 29 million XRP tokens, amplifying the impact of the ongoing decline in XRPā€™s value. This significant move adds to the prevailing concerns about the cryptoā€™s market performance. The whale dumped 29.1 million XRP, valued at $14.72 million, via an unknown wallet to Bitstamp, a crypto exchange headquartered in Luxembourg. In addition, in another transaction, 23.7 million XRP tokens worth $11.98 million were offloaded to Bitso, another crypto exchange, through an undisclosed wallet. The total worth of these transactions comes up to a whopping $26.7 million with nearly 53 million tokens dumped. #Write2Earn #XRP $XRP

XRP Whales Dump 53 Mln Tokens Amid Price Drop To $0.49šŸ‹šŸ”„

Analytics from Whale Alert, an on-chain data tracking platform, reveal a noteworthy sell-off of Rippleā€™s XRP. In the latest whale transaction, an XRP trader offloaded over 29 million XRP tokens, amplifying the impact of the ongoing decline in XRPā€™s value. This significant move adds to the prevailing concerns about the cryptoā€™s market performance.

The whale dumped 29.1 million XRP, valued at $14.72 million, via an unknown wallet to Bitstamp, a crypto exchange headquartered in Luxembourg. In addition, in another transaction, 23.7 million XRP tokens worth $11.98 million were offloaded to Bitso, another crypto exchange, through an undisclosed wallet. The total worth of these transactions comes up to a whopping $26.7 million with nearly 53 million tokens dumped.

#Write2Earn #XRP

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Trader turns 1 ETH to $59k in hours with new ERC-404 token An unknown trader turned 1 Ethereum (ETH) into almost $60,000 in hours. According to Lookonchain analysts, an unknown trader earned $59,000 from 1 ETH in 11 hours thanks to the ERC-404 MINER token. ā€œHis secret to making money is buying and selling the ERC-404 token MINER using high gas!ā€ The trader first withdrew 1 ETH from the Binance cryptocurrency exchange and spent 0.065 ETH ($163) to buy MINER at a meager price using 0.802 ETH ($2010) of gas, later selling 722 MINER for 19.11 ETH using 0.5 ETH ($1244) of gas. As a result, in 11 hours, the trader ended up with 350 MINER tokens worth about $15,000 at the time of the transaction. In total, the trader earned $59,000. The rapid growth of ERC-404 standard tokens is not the first to enrich traders. Last week, an unknown trader earned over $166,000 in two days by spending 0.258 ETH ($613) to buy the DeFrogs token. For 100 DEFROGS, the trader paid 0.08 ETH ($190). The transaction fee was 0.178 ETH ($423). After a couple of days, during which the tokenā€™s price grew rapidly, the trader sold 60 DEFROGS for 27.8 ETH ($67,000). However, the ERC-404 token market itself is recording a significant decline. The sectorā€™s market capitalization has fallen 30% in the past 24 hours, following a meteoric rise last week. The ERC404 standard combines the ERC-20 and ERC-721 standards, creating tokens that can be fungible and unique. For example, when purchasing a token of this new standard (PANDORA), the user receives a token and a unique non-fungible token (NFT). This adds additional value to the token since the NFT may be rare or of exceptional value. #Ethereum... #BullishMarket #Write2Earn $ETH
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